This Blog helps in disseminating FREE information related to Stock/Share Markets (domestic and overseas), Finance/Investments & Current Affairs. The content of this blog is for information purpose only - not recommendations, to Buy or Sell Securities.
The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.

Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.

Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.

This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.

This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.

The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Wednesday, December 03, 2014

FIIs were Net Buyers of Indian Equities today

Foreign portfolio managers have pumped in almost $40 billion in Indian stocks and debt this year on expectations that economic growth will quicken and interest rates will be cut from early next year, as lower oil prices cool inflation, making India the most attractive destination among emerging markets and in Asia excluding Japan. Net foreign portfolio investments into debt and equities reached $39.38 billion, according to the latest official data available on lady Friday. National Securities Depository Ltd releases data with a one-day lag. The last time India saw such strong inflows was in 2010 when net investments had added up to $39.38 billion for the full year. Foreign portfolio inflows into India are the second highest in the Asian region after Japan. China does not release exact data of foreign inflows.

The Reserve Bank of India (RBI) is planning to raise foreign institutional investment (FII) into the government securities market after the FII limit of $30 billion is fully utilised.

RBI governor Raghuram Rajan said in a post policy interaction with analysts that there is an unfulfilled demand for sovereign bonds. "We have in mind a schedule of expansion. Don't despair. We will expand, but not at the rate at which the market want us to expand. But the rate at which we are able to absorb FII investment."

Asia recorded net FII inflows of $5.3 billion in November, of which India attracted $1.4 billion, says a report by HSBC. According to the HSBC, after two consecutive months of sell-offs, FIIs have warmed up to Asian equities and all markets have received positive flows in November, 2014. Among Asian economies, China regained the top position as the ‘most loved’ market, pushing India down to second position in the region, while Thailand was placed at the third spot, it said.

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